Iran’s Rial Hits Record Low Amid U.S. Blockade and Threats of Military Response Iran’s rial fell to a record low of approximately 1.8 million against the U.S. dollar on Wednesday, according to currency-tracking websites such as Bonbast and AlanChand, as a U.S. naval blockade and an uncertain ceasefire continued to pressure the economy. The decline follows a U.S.-Israeli war that began Febr.28 and a fragile truce that took effect April 8, with Washington maintaining its maritime blockade, reported Middle East Eye [1] and the Epoch Times [2]. A high-ranking Iranian security source told Press TV that Tehran will take “practical…
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